Laundryheap raises £2m in angel funding led by Simon Smith and QVentures to accelerate European expansion.
The on-demand laundry provider has secured backing from Simon Smith and QVentures to fund its European rollout.
Share allotment filed at Companies House
Laundryheap operates an on-demand laundry and dry-cleaning service operating across multiple international cities.
On-demand laundry provider Laundryheap has secured £2m in angel funding, led by Simon Smith and QVentures. The capital follows a previously bootstrapped period during which the firm achieved significant year-on-year growth and expanded its operations to several major urban markets.
The company will direct the new funds towards international expansion, aiming to establish a presence in four additional European cities before the conclusion of the year. Laundryheap has reported strong financial performance with £2m in revenue over the past year and continues to scale its delivery operations.
Founder and chief executive Deyan Dimitrov noted that the investment will support the company's objective of capturing market leadership across Europe within the next year.
From the founder
"As a company we have seen incredible growth off the back of raising the standard of on-demand laundry services. With this investment, we look to become the market leader in Europe within the next 12 months."
Deyan Dimitrov
Founder and CEO at Laundryheap
Use of funds
- 01Expand into international markets
Investors
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About the company
Laundryheap
Laundryheap provides an on-demand laundry and dry-cleaning delivery service.